- Entry
- $109.20
- Now
- $91.33 -16.4%
- Target
- —
- Score
- —
For context: Venezuela was actively brokering deals to sell oil to BRICS nations. BRICS' mandate is to weaken the stranglehold the USD has on global trade and they are backing their efforts with lots and lots of gold. The damage these deals would have done to a dollar already weakened by the administration's trade policies would have been material. The long term knock-on effects would have been disastrous. I don't have the energy to go into the history or importance …
— ORIGINAL POST ·
Venezuela, Gold and the USD(oh my!)
· r/wallstreetbets
· Jan 7, 2026